By News Desk 
New Delhi:
India is on the brink of a landmark breakthrough in energy exploration, as early signs suggest the presence of a massive crude oil reserve beneath the Andaman Sea. If confirmed, this could be a transformative moment for India’s energy independence and economic trajectory.
In an exclusive interview with The New Indian Express, Union Minister for Petroleum and Natural Gas Hardeep Singh Puri revealed promising indications of significant hydrocarbon deposits in the region — estimated to hold as much as 184 billion liters of crude oil, a volume comparable to the globally significant oil discoveries off the coast of Guyana.
“After the Krishna-Godavari basin, we’re now observing encouraging signs in the Andaman Sea as well. I am confident that this discovery could support India’s journey from a $3.7 trillion to a $20 trillion economy,” said Puri.
Oil Drilling Operations Underway in Deep Waters
The Indian government, in recent years, has introduced key policy reforms and incentives to attract investment in untapped offshore oil and gas basins. As a result, public sector enterprises like ONGC and Oil India Limited have already commenced deep-sea drilling operations in the Andaman region.
In the financial year 2024, ONGC marked a record by drilling 541 wells — the highest in 37 years. This included 103 exploratory wells and 438 development wells, alongside a record capital expenditure of ₹37,000 crore, underscoring the scale of India’s energy ambitions.
Reducing Oil Imports, Strengthening Energy Security
Currently, India relies on imports for nearly 85% of its crude oil requirements, making it vulnerable to global price fluctuations and geopolitical risks. A successful oil strike in the Andaman basin would not only reduce this dependency but also bolster India’s energy sovereignty.
Increased domestic production could help stabilize fuel prices and spur industrial growth, giving a fresh push to the broader economy.
The Guyana Model: A Beacon of Possibility
Drawing parallels with Guyana, Minister Puri pointed out that over 43 exploratory wells were drilled there before oil was discovered — success came with the 41st well. India, he suggested, is facing similar technical and geological challenges but remains optimistic that a breakthrough is imminent.
Guyana’s offshore oil discovery, primarily driven by American and Chinese energy giants, has already transformed its economy. India hopes to replicate this model, establishing itself as a key player in the global oil market.
Strategic Implications of the Andaman Discovery
The discovery of a major crude oil reserve in the Andaman Sea could reshape India’s standing in the global energy landscape. It has the potential to position the country not just as a major consumer, but also as a significant oil producer, attracting international interest and investment.
If the early signals prove accurate, this could mark the beginning of a new energy era for India — one that promises self-reliance, economic growth, and a stronger geopolitical voice in global oil diplomacy.